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  • BC-4.8 BC-4.8 Compliance with the Code of Best Practice on Consumer Credit and Charging

    • BC-4.8.1

      Islamic bank licensees must comply with the Code of Best Practice on Consumer Credit and Charging as attached in Appendix CM-2 throughout the lifetime of their relationship with a customer.

      Amended: July 2015
      Added: April 08

    • BC-4.8.2

      Islamic bank licensees must take responsibility for compliance with the above requirements by all persons carrying out regulated banking services on their behalf. Islamic bank licensees must put in place appropriate measures across all their business operations and distribution channels to ensure compliance with the requirements of the Code of Best Practice on Consumer and Charging where relevant.

      Amended: October 2012
      Added: April 08